Form 8-K · Current Report · Filed 2024-12-03
Public Storage Announces $2 Billion Equity Distribution Agreement
On December 2, 2024, Public Storage entered into an Equity Distribution Agreement with various financial institutions to offer and sell up to $2 billion of its common shares.
- Filer
- PSA PSA
- Filed
- Accession
- 0001193125-24-269348
- CIK
- 0001393311
- Signal
- Medium impact
- Source
- Official filing on sec.gov ↗
Details
The proceeds from the offering will be used for general corporate purposes, including acquisitions. The Company may sell shares through its designated managers, either directly or via forward sale agreements. The agreement includes customary representations, warranties, and indemnification provisions.
Items reported
Other Events
Financial Statements and Exhibits
Market reaction
Close before filing
$344.07
Next session
-2.7%
Since filing
-5.8%
Latest close
$324.17
What happened, not what will happen — closing prices around the filing date.
Precedent
Previous filings from PSA reporting the same item, with the next session's move:
Exhibits (2)
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